<h1>India Backs FATF's New Standards to Fight Money Laundering and Terror Financing; Urges Global Cooperation.</h1> The Union Finance Minister of India emphasized the importance of the Financial Action Task Force's (FATF) new international standards to combat money laundering, terrorist financing, and proliferation financing during a ministerial meeting in Washington, D.C. He highlighted the need for international cooperation due to the global integration of economies and threats. The Minister stressed the importance of transparency in legal entities and urged for stronger international cooperation, especially in terrorist financing cases. He assured India's commitment to implementing these standards and contributing to the global effort to maintain financial system integrity.